NEW YORK, Nov. 5, 2014 /PRNewswire/ -- Levi & Korsinsky
is investigating the Board of Directors of Elecsys Corporation
("Elecsys" or "the Company") (NasdaqCM: ESYS) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Lindsay Corporation (NYSE:
LNN).
Click here to learn more about the investigation:
http://zlk.9nl.com/elecsys-esys.
Under the terms of the transaction, Elecsys shareholders will
receive $17.50 for each share of
Elecsys stock they own. Elecsys has suspended its
previously-announced stock repurchase program. The investigation
concerns whether the Board of Elecsys breached their fiduciary
duties to stockholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether Linday
Corporation is underpaying for Elecsys shares.
If you own Elecsys common stock and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/elecsys-esys.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
Logo -
http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
SOURCE Levi & Korsinsky, LLP